National Credit Union Share Insurance Fund. The shares in your credit union are insured by the National Credit Union Share Insurance Fund (NCUSIF), an arm of NCUA. Established by Congress in 1970 to insure member share accounts at federally insured credit unions, the NCUSIF is managed by NCUA under the direction of the three-person NCUA Board. Your share insurance is similar to the deposit insurance protection offered by the Federal Deposit Insurance Corporation (FDIC). The NCUA Share Insurance Estimator is an educational resource about share insurance and gives a detailed explanation of insurance coverage.
National Credit Union Share Insurance Fund. Deposits in credit unions are insured to $100,000 by NCUSIF, which is administered by the National Credit Union Administration (NCUA). Like the FDIC Bank Insurance Fund, the NCUSIF is backed by the full faith and credit of the USA. All funding for the NCUSIF is made by insured credit unions.
National Credit Union Share Insurance Fund. The federal share insurance fund for credit unions. The fund protects credit union members' shares (up to $100,000) in federal and federally insured, state-chartered credit unions. NCUSIF is backed by the full faith and credit of the United States.
NATIONAL CREDIT UNION SHARE INSURANCE FUND. A fund that insures accounts at federal government-regulated credit unions for up to $100,000 per account.
National Credit Union Share Insurance Fund. Insurance program that protects the savings in your credit union up to $100,000.. It is administered by an independent agency of the federal government, the National Credit Union Administration (NCUA). The NCUSIF is the strongest of the funds. Recently, voluntary capitalization of the fund by all federal credit unions resulted in an insurance fund that equals 1.3% of all federal credit union shares. This is the highest ratio of the federal funds.
National Credit Union Share Insurance Fund. An amount of money credit unions set aside by law to insure their members' money against loss. The NCUSIF protects savings up to $100,000 per member at all credit unions with federal charters and most with state charters. Although credit union contributions to the NCUSIF amount to only a little more than one cent for each $1 in assets , nationwide this adds up to a total fund of $3.8 billion.
NATIONAL CREDIT UNION SHARE INSURANCE FUND. The main source of share insurance for credit unions, administered by NCUA. Coverage protects member's savings from loss if the credit union becomes insolvent. It protects a member's savings up to $100,000.
National Credit Union Share Insurance Fund: Insures credit union deposits.
